RICHMOND, VA – Feb. 23, 2017 – Airbnb, the world’s leading community driven hospitality company, announced today that its Virginia host community earned a combined $41.4 million in supplemental income while welcoming approximately 280,000 guest arrivals in 2016.
These guest arrivals to the state represent an astounding 111 percent year-over-year growth. This comes as Virginia residents increasingly embrace the home sharing platform as an opportunity to earn supplemental income and make ends meet. Airbnb’s Virginia host community grew 65 percent to 6,800 in 2016.
For many hosts in Virginia, home sharing is an economic lifeline. The annual earnings for a typical host are $4,700. Thirty-six percent (36%) of those who host in the state are over the age of 50, and 60 percent of all hosts are women. The extra money hosts earn often goes towards their mortgage, paying bills and supplementing fixed, retirement incomes.
As part of Airbnb’s broader commitment to work with cities, the community-driven hospitality company collects and remits hotel, occupancy and tourist taxes on behalf of its hosts and guests in over 220 cities and communities globally. Since its first agreements were enacted in 2014, Airbnb has remitted over $175 million in tax revenue around the world.
Arlington County recently embraced home sharing by adopting fair and updated rules for its community of hosts. The following data is an overview of 2016 guest arrivals and total host income, broken down by the top twenty home sharing cities in Virginia:
|City||2016 Guest Arrivals||Total 2016 Host Income|
To learn more about Airbnb’s host community, policy developments, and small business support, visit https://airbnbcitizen.com.
Founded in August 2008 and based in San Francisco, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world —online or from a mobile phone or tablet. Whether an apartment for a night, a castle for a week, or a villa for a month, Airbnb connects people to unique travel experiences, at any price point, in more than 34,000 cities and 191 countries. And with world-class customer service and a growing community of users, Airbnb is the easiest way for people to monetize their extra space and showcase it to an audience of millions.